Settlement with hospital reached in Tyree's death

April 23, 2012

The Associated Press

The estate of former Chicago Sun-Times owner James Tyree has reached a $10 million settlement with the University of Chicago Medical Center.

The Chicago Tribune cites court records Monday that show the money will go to Tyree's widow and his three children. The Cook County medical examiner ruled Tyree's March 2011 death an accident caused by an air embolism during removal of a dialysis catheter.

Tyree died when he was 53-years-old and chairman of Mesirow Financial. He had been diagnosed with stomach cancer and was being treated at the University of Chicago for pneumonia at the time of his death.

In 2009, Tyree led an investment group that took the Chicago Sun-Times' parent company, Sun-Times Media, out of bankruptcy.

The Tribune reports the court approved the agreement March 27.